News

Deal Announcements

Emergent Technologies Raises $27 Million For Spin-Outs

Tuesday, May 08, 2007 5:00:00 AM PDT | VentureDeal Staff

AUSTIN, TX -- University spin-out firm Emergent Technologies Inc. announced that it raised $27 million from family offices and institutional investors and closed its Fund IV.

The group specializes in commercializing biotechnology research that has been developed by University of Texas System campuses.

Investor Red McCombs said, "We have been looking for an opportunity to fill the gap between the large amount of research funding going into university systems and the limited commercial success of the resulting technologies.  ETI has the first model that we have seen which consistently and successfully created marketable products form these innovations."

Email Page  Email Page | Print Page Print Page

Loading

Free Trial

Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?

Start your Free 14 Day Trial now – no obligation or credit card required.

Free 14 day trial. No Obligation. Click to Register.